To link to the entire object, paste this link in email, IM or documentTo embed the entire object, paste this HTML in websiteTo link to this page, paste this link in email, IM or documentTo embed this page, paste this HTML in website

The OJC the Ohio Jewish chronicle. (Columbus, Ohio), 1991-08-01

Ohio Jewish Chronicle. (Columbus, Ohio), 1991-08-01, page 01

THE
The Ohio Jewish Chronicle
Serving Columbus and Central Ohio
Jewish Community for Over 60 Years
VOLUME 69
NUMBER 31
AUGUST 1,1991
21 AV 5751
pnVOTED TO AMERICAN AND JEWISH IDEALS
1992^CJF Campaign
leadership announced
, . - page.2
Dolinger appointed JNF
phonathon chair
page 2
Men who have Jewish
mothers but are not
named Jerry Rivers
,..<• • page 3
Scheiman appointed to
National U.J.A. post
page 4
Thousands earned a.
<3ail(ken's Home Day
- . ... page5
New Chabad House
tpilbe dedicated Aug. 25
^VV '/' r . page6
In The Chronicle
.'t, W •/*■.', I," , Z , Z
g^Coiainaunity ,,*..,...'. .v.
- / > .M rt ' > <-U
:....., 12
if « (it i <Mf •(•u«MV TJL
I
•^FwiprtPage ....
)-,' . iAy,-'d > »' % ' -. *' '
2\M^^StpftM><S »\ • • •«»_<!»»'• »,&«.»»«»'• •,•*"» • • »'» » »**
'Ota* ., \,
LOAN GUARANTEES
Israel strives to meet absorption challenge
In 1987, 250,000 American
Jewish descended on Washington to demand that the Soviet Union "Let Our People
Go." In 1990, after a two-
decade campaign by the U.S.
government and American
Jewry, the gates of the Soviet Union were finally
opened.
The historic Operation
Solomon has brought 14,500
Ethiopian Jews home, as
Jews from Albania, Romania and other Eastern Europe
countries begin their lives
anew in Israel.
But the Jewish community's battle to assist these ref-.
ugees is not yet over. Now efforts are shifting to assisting
Israel in the task of absorbing them.
The Jewish Agency predicts that more than one million Soviet Jews will immigrate to Israel by the end of
1993. Estimates are that it
will cost Israel $50 billion to
absorb these refugees.
In September, Israel will
ask the U.S. government to
"co-sign" or "guarantee" a
loan package to help meet
"these costs. Jewish organizations nationwide have made
passage of this legislation
their highest priority.
Q. What are loan guarantees? How do they work?
migrants.
The guarantees have only
a minimal "bookkeeping"
effect on the U.S. budget in
which 2 to 7 percent of .tfie
Loan Guarantees are held in
. escrow. For example, on the
budgetary expenditure. This
year Israel will spend more
than $6 billion, or almost 20
percent of her budget, on absorption,
see ISRAEL pg. 3
These guarantees are not grants. Money
will not fee transferred from the U.S.
Treasury.
A. Loan guarantees are
not loans or grants and they
have a minimal budgetary
impact. No money from the
U.S. treasury will be transferred; Israel will use the
guarantees to receive loans
from American banks.
Under the Loan Guarantee
Program, Israel can obtain
30-year loans rather than
seven-year terms which are
currently available. These
terms would allow the Israeli economy time to reap the
benefits of a highly educated
and motivated wave of im-
total $10 billion package, the
amount set aside would be
$200 million to $700 million.
Israel has never defaulted
on a single loan; thus even
this "set-aside" money could
be assured of returning to
general use coffers.
Q. What are Israel and
World Jewry doing to meet
the challenge of increased Soviet immigration? :
A. Israelis will shoulder
most of the costs of the absorption. For the first time in
her history, defense has been
eclipsed as Israel's largest
Fly-In pfonned
On Thursday. Sept. 12,
mtsmbtTs ni the local Jewish
cnnimunlty, under the auspices of the Oliunbus Jest*
Lsh Federation's 1092 Jewish
CommUNITY Campaign,
wiQ haw an opportunity to
participate in a national
"fly-itr to Washington, D.C
to meet with metnbers oC
Congress and press the caw
for the Loan Guarantees.
Private meetings are be-
g scheduled with select
»»■&*«> congressinen, k»y
committee chairs and high
tons nEBoala from the Da*
purtmenfei of Stale and De-
Iswb. For further Wonoa-
lab FetenUw olttae
D.m
% Ml
il: ll
*' It
* i'f
m
■m
J ■■■ i'm
»W^^^aMaE^y^»a^gT^rg^^
Aftii%e**iy:lritr!StJ=K!<vaijs|1KSJ&»»'""'i«S "*